Topic: Crypto is a poor form of money for terrorists. (Read 2124 times)
Once it was described as the transaction asset for terrorists. Media too portrayed the same,while some mentioned it as an asset for gambling. Who understood better in the early days about cryptocurrency has made good benefits out of it. Now this has been serving as the top rated investment.
It is necessary to decide whether cyber terrorists or traditional terrorists are being discussed. Traditional terrorists will definitely cash money through ordinary banks and they definitely don’t need the blockchain transparency technology. Cyber terrorists are more educated and can harm the blockchain technology itself. It is much more dangerous.
I am not surprised that they are trying to negatively influence Bitcoin. Negative news can influence chicken to move the price to the place where they need it.
it is funny how somw country said that bitcoin is evil because "terroist use it" and... before bitcoin they didnt use money?xD seriously xD
Thats why some human beings consider crypto used for unlawful transactions due to this sort of news. Todays generations us digital and a number of the transactions via computer systems however therefore there are a few who does not realize the way to use computer systems like jihadists. If they dont have any know-how the use of it they'll now not use it successfully.
Well it could be true since crypto is decentralized and so easy to use ,
And let's not forget the most useful for them the anonymity of the crypto users,
They could easily use it for whatever they want.
And let's not forget the most useful for them the anonymity of the crypto users,
They could easily use it for whatever they want.
Crypto is a poor form of money for jihadists because they usually need to purchase goods with cash often in areas with unreliable technology.
According to this Forbes article
So they don't have computers, bitcoin merchants, fibre optics or 4G coverage in the dusty dessert or hideout hills.
According to Yaya Fanusie, director of analysis for the Foundation For Defense of Democracies Center on Sanctions and Illicit Finance: “Cold hard cash is still king"
So will they ban cash to prevent terrorism ? That would be some good hype to get the next bull run started !
According to the Forbes article a group called Mujahideen Shura Council (MSC) in the Environs of Jerusalem - was able to lure only two contributions for a total of a little over $500 in weeks of a 2016 online campaign. MSC sounds like a Microsoft certification. Perhaps the contributions were accidental and two suckers are still waiting for their online courses.
So not only is it terrible to use for the terrorists - their supporters appear to be crypto broke too.
Sounds like a business opportunity for a gun dealer to accept jihad coin. Make sure to use escrow. You cannot trust terrorists.
According to this Forbes article
So they don't have computers, bitcoin merchants, fibre optics or 4G coverage in the dusty dessert or hideout hills.
According to Yaya Fanusie, director of analysis for the Foundation For Defense of Democracies Center on Sanctions and Illicit Finance: “Cold hard cash is still king"
So will they ban cash to prevent terrorism ? That would be some good hype to get the next bull run started !
According to the Forbes article a group called Mujahideen Shura Council (MSC) in the Environs of Jerusalem - was able to lure only two contributions for a total of a little over $500 in weeks of a 2016 online campaign. MSC sounds like a Microsoft certification. Perhaps the contributions were accidental and two suckers are still waiting for their online courses.
So not only is it terrible to use for the terrorists - their supporters appear to be crypto broke too.
Sounds like a business opportunity for a gun dealer to accept jihad coin. Make sure to use escrow. You cannot trust terrorists.
No way, how do terrorists know Bitcoin?
I think terrorists don't have time to play bitcoin, and it seems they prefer to do transactions with real money, not using bitcoin.
What I know is that terrorists usually carry out robberies. They are heavyweight criminals.
If true terrorists have made transactions using bitcoin as their transaction to buy weapons, that means we all have to be vigilant, that terrorists on the network are already roaming.
Depending on the person who uses it for its purposes, both crypto and fiat can be used to fund terrorist activities, so crypto does not have to be seen as a negative thing.
It’s ridiculous to accuse cryptocurrency for being used by terrorists. The technology can’t be intentionally good or bad. Whoever use it is responsible for how they do it. Cryptocurrencies are still in their infancy, while terrorism has been using fiats for a long time. Anything could be used for bad purposes.
It can be called by some that crypto is a poor form of money for terrorists, but to cryptoholders they condidered cryptos , as investments and hidden assets, but for terrorist they can use any form of currency, like fiat ,dollars or any what they want just lije cryptocurrency.
how can they do such a thing, isn't that what is called a great tactic, they can get $ 500 only in the first period, maybe they have workers who are very experienced in the field of cryptocurrency
This is unreasonable slander. Yes, Bitcoin gives freedom and anonymity. But this means that it is something bad. Bitcoin and the blockchain system is still evolving. I think that they will come up with something against illegal actions in order to prevent this. If you talk like that, then the terrorists can breathe air, do we now ban air from all people?
In 2008 when Satoshi created Bitcoin/ Cryptocurrency, I believe he never intended I usage to be abused the way it's being abused in recent times. Yes. I agree that the annonymous structure of the blockchain makes it easy for some elements to carry out criminal activities using it.
Maybe because their marketing is not right and their target market is not ready to accept it, maybe it’s not the time yet and it’s not impossible that someday it will be wetlands for them to remember the anonymity potential of some cryptocurrencies. Maybe now we will laugh at them but someday they will laugh at us, to people who don't agree with them. Basically omission is a gap for bad things.
Even if crypto is a decentralized digital currency but ,we can not say that it is a poor form of money for terrorism , because crypto is not an exclusive kind of currency, everybody can own any kind of cryptos ,even the syndicate and crime groups can use it ,especially that the account name is anonymous , so all or everybody has the oppurtunity to own a crypto.
I don't think crypto is just a tool for terrorists. I would rather all terrorists don't know crypto, which may have a bad reputation for crypto and affect it to further promote the world.
Terrorism should not be associated with crypto.
Terrorism should not be associated with crypto.
It's true they can't buy useful necessary items with Cryptocurrency.
In some ways it may be a poor means of exchange for the terrorist but also they can easily move money with crypto without having to use their bank or getting implicated in any way.
This is possible and its making the crypto currency image to become bad and ugly but if the fiat money can be used directly to buy terrorist goods then also the crypto too as they are both currencies but only not the same form but the good thing is that the crypto currencies are now well regulated therefore this act of terror or threat are now limited.
This topic about cryptocurrency been a tool in the hands of terrorist or bad individual has become persistent and it's so annoying because it's just criticism even other currency are also used by these evil doers so why is cryptocurrency much of a topic
Jump to: